Monthly Archives: August 2019

Binance to Launch US Platform Soon, Helped by a Little-Known Partner

Binance is seeking to navigate U.S. crypto regulations in partnership with little-known firm BAM Trading Services… Binance is expected to launch its upcoming exchange platform in the United States by the end of the year, with the company’s executive estimating that the platform will launch within “a month or two.” In the interview, Changpeng Zhao (aka CZ), the CEO of Binance, predicted the launch despite acknowledging that many things are still “in flux” regarding the platform’s planned operations in the U.S.  CZ noted that the U.S. has […]

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Kraken Crypto Exchange to Add Support for BAT and WAVES

American cryptocurrency exchange Kraken has announced support for the Basic Attention Token and Waves starting on Aug. 22. American cryptocurrency exchange Kraken will add support for Basic Attention Token (BAT) and Waves (WAVES).  According to an announcement on Aug. 21, the exchange’s users will be able to deposit and withdraw the aforementioned coins starting tomorrow, Aug. 22, as well as trade with both assets. Kraken will roll out trading pairs between BAT and WAVES and Bitcoin (BTC) and Ether (ETH), as well as with  fiat currencies such […]

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Travelport and IBM Work on Blockchain Platform for Hotel Commissions

Travelport, IBM and travel management firm BCD Travel are jointly developing a blockchain platform for hotel commission reconciliation. Artificial intelligence-enabled travel platform Travelport, IBM and travel management company BCD Travel are jointly developing a blockchain platform to streamline hotel commission reconciliation. Per a press release on Aug. 20, the companies are collaboratively working on the creation of a blockchain-based platform in a bid to optimize hotel commission processing. Specifically, the product will purportedly allow users to track and account for commission payments hotels owe for services that […]

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OPSkins Group and WAX Summoned to California Court Over 2017 ICO

A California court has issued a summons to OPSkins Group and the Worldwide Asset eXchange in response to a complaint of fraud and unfair business practices. The United States District Court for the Central District of California has issued a summons to video-game virtual good company OPSkins Group and Worldwide Asset eXchange (WAX) in response to a complaint filed by Crypto Asset Fund. The allegations On Aug. 15, the court issued a summons to OPSkins Group, WAX and several of their high-level employees in response to a […]

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Binance Venus Aims to Outshine Libra and Chinese National Crypto?

Binance launched its own stablecoin project, but faces stiff competition from Libra and the Chinese government in its quest… Within the past 12 months, stablecoins have transformed from a niche idea to tackle the issues of a volatile market into methods of payment championed by some of the world’s biggest and most powerful tech companies.  Facebook’s announcement that it would be supporting the launch of a reserve-backed stablecoin played a vital role in turning around the so-called “crypto winter” by boosting Bitcoin (BTC) prices above $10,000 for […]

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Gemini Launches in Australia, Enables All Supported Coins Except GUSD

The Winklevoss’ Gemini cryptocurrency exchange is now available in Australia, but does not support trading for the Gemini dollar. The Winklevoss twins’ crypto exchange and custody Gemini is expanding to Australia, enabling residents of the country to use its platform to buy, sell and store crypto. Australian residents can now download the Gemini mobile app on iOS or Android to trade major cryptocurrencies, according to a press release shared with Cointelegraph on Aug. 21. The list of supported digital coins includes Bitcoin (BTC), Ether (ETH), Bitcoin Cash […]

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US Treasury Sanctions Bitcoin, Litecoin Addresses Under Kingpin Act

The U.S. Department of Treasury has sanctioned three alleged narcotics operators and their crypto addresses. The United States Department of the Treasury has added multiple cryptocurrency addresses to its Specially Designated Nationals (SDN) list under the Foreign Narcotics Kingpin Designation Act, or the Kingpin Act. These addresses, and the individuals associated with them, have been deemed to be associated with foreign narcotics operators. The Treasury updated its SDN list with recent Kingpin Act Designations on Aug 21. The three alleged narcotic operators associated with these addresses are […]

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Ukraine: Crypto Miners Arrested for Compromising Nuclear Plant Security

Ukrainian nuclear power plant officials have been arrested for compromising security with a crypto mining setup at the facility. The Security Service of Ukraine (SBU) has arrested power plant operators for mining cryptocurrency in the Yuzhoukrainsk nuclear power plant facility.  English-language Ukrainian news site UNIAN reported the details of the arrest on Aug. 21. According to the report, the crypto miners compromised the nuclear facility’s security via their mining setup’s internet connection. Due to the equipment’s connection to the internet, the miners reportedly leaked classified information on […]

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Market Update: Prices Drop as Crypto Sentiment Enters the Fear Zone

Cryptocurrency markets fell hard on August 21 following the $700 price drop bitcoin core (BTC) saw during the early morning trading sessions. Most digital assets have lost 2-8% in value as the overall market valuation of all 2,000+ coins has plunged to $263 billion. Crypto price movements have been following a trend of strong volatility, having been turbulent for several weeks. Also read: The World Bank’s Blockchain Bond Is Just a Fancy Way of Selling Debt The Top Digital Currency Markets See Percentage Losses BTC and a […]

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Taipei-Based Crypto Firm Maicoin Seeks Membership in Libra Association

Taiwanese digital currency trading platform Maicoin has entered talks with social media giant Facebook regarding its possible membership in the Libra Association. Taiwanese digital currency trading platform Maicoin has entered talks with social media giant Facebook regarding its possible membership in the Libra Association. As local English language media outlet Taipei Times reported on Aug. 21, Maicoin is seeking to participate in the Switzerland-based Libra Association that works on the development of Facebook’s long-awaited stablecoin Libra. Specifically, the company is looking to operate a node on the […]

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